Highlights: Tremendous Upside with a ProForma CAP Rate of 6.71% / Current CAP Rate of 5.50% / ProForma GRM of 9.60 & Current GRM of 11.20 / Rental Comparables Illustrate a 98% Occupancy Area / 2-bedroom units in Beaumont are currently leasing at a rate of $1,750 per month / The property was constructed in 1977 & is located on a spacious 0.38-acre lot / New & improved rooftops / Charming 6-unit multifamily property / Single-story, cottage-style units / No shared walls between units / Individually metered for gas and electric / Onsite parking available at the rear of the property / Discover a unique investment opportunity in Beaumont, California, with this charming 6-unit multifamily property. Nestled on a spacious 0.38-acre lot, this well-maintained property offers a desirable blend of privacy and convenience with its single-story, cottage-style units, each featuring no shared walls. Built in 1977, each of the six units is thoughtfully designed with 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces for tenants. Recent upgrades include newer roofs, ensuring low maintenance costs and added peace of mind. The property is designed for efficient management with each unit individually metered for gas and electric, and onsite parking available at the rear of the property adds convenience for tenants and guests alike.
Sold for $1,160,000 on 12/17/24
Listing Provided by:
ALBERT LE DRE #01468313 909-256-7889,
LE INVESTMENT GROUP
$1,160,000
926 Edgar Ave, Beaumont, CA 92223
--beds
--baths
4,500sqft
Multi Family
Built in 1977
-- sqft lot
$1,159,700 Zestimate®
$258/sqft
$2,258 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 19, 2024 at 12:02pm
Listing Provided by:
ALBERT LE DRE #01468313 909-256-7889,
LE INVESTMENT GROUP
Bought with:
Prashant Sampat, DRE #01916221
Pacific Avenue Realty
Source: CRMLS,MLS#: IV24171885
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- None
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
Property
Parking
- Total spaces: 6
- Parking features: Carport
- Carport spaces: 6
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 0.38 Acres
- Features: 2-5 Units/Acre
Details
- Parcel number: 415262021
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Beaumont
- Subdivision: Unknown
Other
Other facts
- Listing terms: Submit
Services availability
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Estimated market value
$1,159,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,159,700